Bulletprovisions

C9 Bulletin Provisions, assets and liabilities; Quotas and Compromises
PREAMBLE
the need for accountant principles that allow the presentation of financial information, the accounting principles Commission consider integrating bulletins mentioned above in a single document, as well as to clarify the concepts behind provisions, obligations accumulates assets and contingent liabilities andcommitments.
OBJECTIVE
criticality of this bulletin is as follows, establish special rules of valuation, presentation and disclosure of liabilities and provisions. Special rules for valuation as well as disclosure of contingent liabilities assets, as well as provide rules for disclosure of commitments entered into by the institution as part of their daily operations.
SCOPE
This bulletin must beapplicable to all entities in the accounting of liabilities, provisions and in the information on contingent liabilities and contingent assets, except for the following: a) * income tax, imposed on the active participation of the and in the utility traajadores. (b)* labor obligations (A)-(C); * financial instruments which are valued at their fair value d) * Estimates for valuation of assets E) *share-based Payment
A liability is the quantifiable set of present obligations of an entity.
A present obligation is the resulting condition throughout passive transfer of resources or provide services in the future to another entity.
Result of transactions the obligation arises by a event of the past, not by transactions that will occur in the future.
Legal Obligation is one that is derivedfrom a contract, the legislation or another cause of a legal nature.
The long-term liability is represented by the maturity of which is owed to a subsequent year or the normal cycle of operations.
Likely the possibility that the event occurs future is high.
The possibility of occurrence of the future event is more than remote, but less likely.
The remote possibility that the event occursfuture is low.
A financial liability is any commitment that is a contractual obligation to deliver cash or other financial assets to another entity.
Accounts payable by accrued liabilities are liabilities by the reception of services or benefits accrued to the date of the balance sheet.
The retentions of cash and receipts for account of third parties, resulting from the execution of a contractor of the current legislation, are liabilities.
Customer advances are anticipated charges to account for future sales of products or services. The provisions are passive in that the amount due are uncertain.

PASSIVE

Recognition all the liabilities of the entity need to be valued and recognized on the balance sheet

Financial liabilities and financial instruments the liabilities must berecognized by the amount received or used. If there is a portion of the loan which still has not been prepared, this should not be reflected on the balance sheet.
Passive bond liabilities by bond issues must represent the amount to pay for the bonds issued, in accordance with the nominal value of the securities minus the discount or more the premium for its placement.
Early redemption ofobligations in the case of redemption of the obligations prior to its expiration, you must set the amortization of the costs of issuing and discount or premium, in order to apply to the results, within special items in accordance with paragraph 75, the proportionate share of the obligations redeemed in advance.
Financial instruments of convertible debt in actions in the case of financial instruments ofdebt convertible into shares of the issuer, when the holder runs the same risks as the shareholders of the issuer, you should consider that it is an instrument of capital and classify it as such.
Liabilities by supplier, accrued liabilities, by retention of cash and receipts on behalf of third parties, and by customer advances the liabilities by providers that have their origin in the purchase...